7.2% VAT will render new minimum wage useless – NECA
The Nigeria Employers’ Consultative Association has said the implementation of the 7.2 percent value added tax approved by the Federal ...
Friday, April 17, 2026
Tag: VAT
FEC approves N10.07trn 2020 budget proposal, raises VAT to 7.2%
The Federal Executive Council (FEC) on Wednesday approved N10.07 trillion 2020 Budget proposal for onward transmission to the National Assembly ...
CITN lauds FIRS’ strategies towards improving Nigeria’s revenue generation
The Chartered Institute of Taxation of Nigeria has lauded achievements of the Federal Inland Revenue Service (FIRS) towards improving the ...
FG generates N311.94bn from VAT in Q2, 2019 —NBS
The federal government has generated N311.94 billion from value added tax in the second quarter of 2019, the National Bureau ...
FIRS charges VAT on online transactions January 2020 —Fowler
Executive Chairman, Federal Inland Revenue Service, Babatunde Fowler The Federal Inland Revenue Service (FIRS) has said that it would start ...
FG working on modalities to exempt investors from paying VAT–Osinbajo
The Federal Government (FG) has stated that it is already tackling the issues regarding the extension of the Value Added ...
Extend VAT exemption on stock market transactions, investors urge FG
Some investors in the Nigerian capital market have called on the federal government to extend the exemption of value added ...
Infrastructure to worsen in 2019 as FG cuts CAPEX by 10.54%
Of N500bn cut, N330bn is from CAPEX CAPEX now 27% vs. recurrent at 73% The Nigerian government is putting the ...
Nigeria’s August revenues at N745.5bn fell 32.7% below budget
The Federal Government of Nigeria earned N745.52 billion, as its gross federally collected revenue (gross) in August, 2018. This figure ...
South Africa central bank lowers growth expectations for 2018
South Africa’s central bank Wednesday projected that economic growth this year will be “much lower” than initial expectations. The central ...
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